Warner Music Group Corp
NASDAQ:WMG

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Warner Music Group Corp Logo
Warner Music Group Corp
NASDAQ:WMG
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Price: 31.85 USD 2.15% Market Closed
Market Cap: 16.5B USD
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

6.4B
-0.2%
Revenue
Growth Rates:
1 Year
+7%
3 Years
+26%
5 Years
+45%
7 Years
+82%
10 Years
+111%
955m
+2%
Operating Income
Growth Rates:
1 Year
+29%
3 Years
+60%
5 Years
+178%
7 Years
+244%
10 Years
-
539m
+3%
Net Income
Growth Rates:
1 Year
+29%
3 Years
+99%
5 Years
+255%
7 Years
+203%
10 Years
-

Earnings Waterfall
Warner Music Group Corp

Revenue
6.4B USD
Cost of Revenue
-3.3B USD
Gross Profit
3B USD
Operating Expenses
-2.1B USD
Operating Income
955m USD
Other Expenses
-416m USD
Net Income
539m USD

Income Statement
Warner Music Group Corp

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Income Statement
Currency: USD
Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
3 020
N/A
3 027
+0%
3 041
+0%
3 065
+1%
2 987
-3%
2 966
-1%
2 986
+1%
3 054
+2%
3 155
+3%
3 246
+3%
3 314
+2%
3 394
+2%
3 500
+3%
3 576
+2%
3 704
+4%
3 842
+4%
3 883
+1%
4 005
+3%
4 163
+4%
4 290
+3%
4 390
+2%
4 475
+2%
4 528
+1%
4 509
0%
4 461
-1%
4 463
+0%
4 542
+2%
4 721
+4%
5 051
+7%
5 301
+5%
5 580
+5%
5 706
+2%
5 798
+2%
5 919
+2%
5 793
-2%
5 816
+0%
5 948
+2%
6 037
+1%
6 297
+4%
6 392
+2%
6 382
0%
Gross Profit
Cost of Revenue
(1 566)
(1 570)
(1 574)
(1 573)
(1 529)
(1 511)
(1 515)
(1 571)
(1 646)
(1 707)
(1 754)
(1 795)
(1 866)
(1 931)
(2 004)
(2 077)
(2 089)
(2 171)
(2 228)
(2 299)
(2 345)
(2 401)
(2 440)
(2 416)
(2 366)
(2 333)
(2 354)
(2 442)
(2 596)
(2 742)
(2 874)
(2 948)
(3 033)
(3 080)
(3 023)
(3 047)
(3 131)
(3 177)
(3 296)
(3 366)
(3 346)
Gross Profit
1 454
N/A
1 457
+0%
1 467
+1%
1 492
+2%
1 458
-2%
1 455
0%
1 471
+1%
1 483
+1%
1 509
+2%
1 539
+2%
1 560
+1%
1 599
+3%
1 634
+2%
1 645
+1%
1 700
+3%
1 765
+4%
1 794
+2%
1 834
+2%
1 935
+6%
1 991
+3%
2 045
+3%
2 074
+1%
2 088
+1%
2 093
+0%
2 095
+0%
2 130
+2%
2 188
+3%
2 279
+4%
2 455
+8%
2 559
+4%
2 706
+6%
2 758
+2%
2 765
+0%
2 839
+3%
2 770
-2%
2 769
0%
2 817
+2%
2 860
+2%
3 001
+5%
3 026
+1%
3 036
+0%
Operating Income
Operating Expenses
(1 500)
(1 438)
(1 581)
(1 557)
(1 344)
(1 328)
(1 305)
(1 309)
(1 313)
(1 325)
(1 314)
(1 327)
(1 356)
(1 423)
(1 482)
(1 542)
(1 594)
(1 617)
(1 661)
(1 678)
(1 702)
(1 718)
(1 714)
(1 890)
(2 383)
(2 359)
(2 420)
(2 311)
(1 858)
(1 950)
(2 076)
(2 113)
(2 114)
(2 125)
(2 071)
(2 071)
(2 076)
(2 071)
(2 099)
(2 089)
(2 081)
Selling, General & Administrative
(1 197)
(1 117)
(1 132)
(1 110)
(1 042)
(1 019)
(1 000)
(1 006)
(1 012)
(1 032)
(1 033)
(1 058)
(1 098)
(1 172)
(1 229)
(1 283)
(1 328)
(1 356)
(1 397)
(1 414)
(1 443)
(1 449)
(1 442)
(1 626)
(2 123)
(2 098)
(2 125)
(2 000)
(1 564)
(1 644)
(1 738)
(1 763)
(1 778)
(1 786)
(1 729)
(1 735)
(1 741)
(1 739)
(1 770)
(1 760)
(1 758)
Depreciation & Amortization
(303)
(321)
(308)
(306)
(302)
(309)
(305)
(303)
(301)
(293)
(281)
(269)
(258)
(251)
(253)
(259)
(266)
(261)
(264)
(264)
(259)
(269)
(272)
(264)
(260)
(261)
(261)
(277)
(294)
(306)
(316)
(328)
(336)
(339)
(342)
(336)
(335)
(332)
(329)
(329)
(323)
Other Operating Expenses
0
0
(141)
(141)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(34)
(34)
0
0
(22)
(22)
0
0
0
0
0
0
0
0
0
Operating Income
(46)
N/A
19
N/A
(114)
N/A
(65)
+43%
114
N/A
127
+11%
166
+31%
174
+5%
196
+13%
214
+9%
246
+15%
272
+11%
278
+2%
222
-20%
218
-2%
223
+2%
200
-10%
217
+9%
274
+26%
313
+14%
343
+10%
356
+4%
374
+5%
203
-46%
(288)
N/A
(229)
+20%
(232)
-1%
(32)
+86%
597
N/A
609
+2%
630
+3%
645
+2%
651
+1%
714
+10%
699
-2%
698
0%
741
+6%
789
+6%
902
+14%
937
+4%
955
+2%
Pre-Tax Income
Interest Income Expense
(211)
(203)
(194)
(185)
(182)
(181)
(180)
(178)
(176)
(173)
(168)
(161)
(154)
(149)
(145)
(145)
(142)
(138)
(138)
(138)
(141)
(142)
(139)
(136)
(132)
(127)
(125)
(124)
(122)
(122)
(121)
(121)
(123)
(125)
(127)
(130)
(136)
(141)
(148)
(155)
(157)
Non-Reccuring Items
(141)
(141)
0
0
0
0
0
0
0
(18)
(50)
(50)
(53)
(35)
(4)
(27)
(31)
(31)
(33)
(10)
(7)
(7)
(4)
(4)
0
(34)
0
0
(46)
(22)
0
0
(10)
0
41
0
(4)
(3)
(27)
(67)
(63)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(4)
(4)
(9)
8
(13)
(21)
(4)
(19)
12
18
29
(8)
(24)
(40)
(55)
(42)
373
394
418
453
43
60
27
(6)
7
(57)
(83)
(30)
(45)
(9)
76
19
87
151
36
13
(17)
(36)
(25)
43
27
Pre-Tax Income
(402)
N/A
(329)
+18%
(317)
+4%
(242)
+24%
(81)
+67%
(75)
+7%
(18)
+76%
(4)
+78%
32
N/A
41
+28%
57
+39%
53
-7%
47
-11%
(2)
N/A
14
N/A
9
-36%
400
+4 344%
442
+11%
521
+18%
618
+19%
238
-61%
267
+12%
258
-3%
57
-78%
(413)
N/A
(447)
-8%
(440)
+2%
(186)
+58%
384
N/A
456
+19%
585
+28%
543
-7%
605
+11%
740
+22%
649
-12%
581
-10%
584
+1%
609
+4%
702
+15%
758
+8%
762
+1%
Net Income
Tax Provision
66
26
9
12
(8)
(13)
(1)
(22)
(22)
(11)
(31)
(19)
137
151
142
126
(87)
(130)
(128)
(157)
(84)
(9)
36
96
33
(23)
(53)
(116)
(106)
(149)
(189)
(172)
(170)
(185)
(158)
(145)
(149)
(170)
(194)
(191)
(178)
Income from Continuing Operations
(336)
(303)
(308)
(230)
(89)
(88)
(19)
(26)
10
30
26
34
184
149
156
135
313
312
393
461
154
258
294
153
(380)
(470)
(493)
(302)
278
307
396
371
435
555
491
436
435
439
508
567
584
Income to Minority Interest
(3)
(5)
(5)
(5)
(5)
(3)
(3)
(3)
(4)
(5)
(6)
(6)
(6)
(6)
(5)
(6)
(5)
(5)
(4)
(2)
(2)
(2)
(4)
(4)
(4)
(5)
(4)
(4)
(3)
(3)
(3)
(3)
(4)
(4)
(5)
(8)
(9)
(9)
(41)
(38)
(38)
Net Income (Common)
(339)
N/A
(308)
+9%
(313)
-2%
(235)
+25%
(94)
+60%
(91)
+3%
(22)
+76%
(29)
-32%
6
N/A
25
+317%
20
-20%
28
+40%
178
+536%
143
-20%
125
-13%
103
-18%
282
+174%
307
+9%
389
+27%
459
+18%
152
-67%
256
+68%
290
+13%
149
-49%
(384)
N/A
(475)
-24%
(499)
-5%
(309)
+38%
271
N/A
300
+11%
389
+30%
364
-6%
426
+17%
544
+28%
479
-12%
421
-12%
419
0%
424
+1%
460
+8%
522
+13%
539
+3%
EPS (Diluted)
-0.66
N/A
-0.6
+9%
-0.61
-2%
-0.45
+26%
-0.18
+60%
-0.18
N/A
-0.05
+72%
-0.07
-40%
0
N/A
0.05
N/A
0.03
-40%
0.05
+67%
0.35
+600%
0.28
-20%
0.24
-14%
0.2
-17%
0.55
+175%
0.6
+9%
0.76
+27%
0.9
+18%
0.3
-67%
0.5
+67%
0.58
+16%
0.3
-48%
-0.75
N/A
-0.93
-24%
-0.98
-5%
-0.6
+39%
0.54
N/A
0.58
+7%
0.76
+31%
0.71
-7%
0.83
+17%
1.06
+28%
0.93
-12%
0.81
-13%
0.8
-1%
0.82
+2%
0.88
+7%
1.01
+15%
1.04
+3%

See Also

Summary
WMG intrinsic value, competitors valuation, and company profile.
DCF Valuation
WMG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
WMG stock valuation using valuation multiples.
Wall Street Estimates
WMG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
WMG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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